Transwestern Commercial Services is trying to help participants in its own industry, commercial real estate, anticipate the big changes that autonomous driving is likely to bring to their realm, too. "We are focusing on how values within the commercial real estate sector are going to be impacted by these various emerging trends." In fact, Transwestern recently produced a study on the topic, "The New Industry Driver: How the Rise of Autonomous Vehicles Could Impact Future Real Estate Strategy." Here are some of the main impacts that AVs could have on commercial real estate, according to the study:Reclaiming city streets: AVs could free up to more than 20 percent of urban space eventually, Transwestern said. Cities could "once again become pedestrian-oriented as they reclaim real estate that has been developed over the course of decades around the needs of the automobile."

Source: Forbes January 01, 2018 02:37 UTC